There have always been risks and uncertainties in most of the business. Now, to what extent a business will encounter those unexpected incidents is, by and large, dependent on the decisions taken by the executives. Thus, to alleviate the risk factors and enhance efficacy, many business organizations have been hiring management consulting firms. Although many business owners, even today, hold a groundless notion that top management consulting firms are only for big businesses.
Disagreeing with that, our experts opine that regardless of your business size and type, you can always consult with the top management consulting firms to maximize the efficiency of your business. Top Management Consulting Firms offer high-caliber information and suggestions on different aspects even helps implement those.
Doing so, help any business to grow and sustain in today’s competitive marketplace. For your convenience, at this juncture, our experts have suggested a list of the top management consulting firms across the globe that you can rely upon.
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Top Management Consulting Firms
1. McKinsey & Company
McKinsey & Company, founded in 1926, is an America-based and one of the top management consulting firms in the world. Marvin Bower and James O McKinsey founded it intending to serve a diverse clientele from different sectors.
Currently, they are in charge of well over 100 firms of different sectors from private and public to non-profit. They are currently having revenue of over 10$ Billion, and a workforce of over 27000 staff across the globe. They provide services in multiple sectors.
2. Deloitte Consulting
According to our experts and other credible sources, Deloitte Consulting is considered as one of the largest firms having extensive focus particularly on financial consulting. They are UK-based and currently operating in many countries including India, Hong Kong, and China.
With a total manpower of 286200 and gross revenue of 43.2$ billion, they are exclusively supporting Management Consulting, Risk Advisory, Tax, Financial, Advisory, Audit, and Legal advice.
3. Bain & Company
Many contemporary business analysts think that Bain & Company, which was founded back in 1973 as a result of an incorporated partnership between William W. Bain and Patrick F, is one of the top 3 management consulting firms in the world.
Bain & Company is mainly serving the Fortune 500 companies in a variety of sectors- mergers and acquisitions, strategy, finance, and market analysis. They reported an annual revenue of $4.5 billion in 2017.
4. The Boston Consulting Group, Inc.
Along with McKinsey & Company and Bain & Company, The Boston Consulting Group, Inc. is also considered one of the top 3 management consulting firms. They are renowned in terms of providing extraordinary services particularly on assignments on strategic and operations sectors.
Bruce Henderson founded this firm in 1963 and is currently managing a man force of over 16000 staff. It has been placed at the 4th place by ‘‘100 best Companies to work for’’.
Accenture was founded in 1989, a Dublin-based consulting firm is now a renowned name in the management consulting industries. They exclusively provide supports their clientele with strategy, technological supports, and operations.
This company has more than 200 outlets across the globe and having a team of more than 459,000. They continuously nurture their workforce and equip them with all the cutting-edge skills and knowledge to serve the best way possible.
6. Ernst & Young Advisory
Ernst & Young Advisory, founded in 1989, is a London-based management consulting firm that is currently operating in more than 150 countries. With more than 700 work stations and gross revenue of $31.3 billion, they are providing expertise in accounting and finance. This firm has been listed as the top management consulting firms by Forbes.
KPMG stands for “Klynveld Peat Marwick Goerdeler. Since its foundation year- 1987, KPMG assists in three major fields- Tax, Audit, and Advisory. It has got gripping across the globe and currently has a total staff member of 188,982.
As of 2017, it generated revenue worth $26.40 billion. It is in the ‘Big Four Auditors’ list and got second place by OpRisk & Compliance for overall consultancy services.
8. IBM Global Services
IBM Global Services was founded back in 1991 and is based in the United States. It is, basically, a by-product of multinational corporation IBM, which is renowned for supporting IT-related services to its clients. It demonstrated its credibility and efficiency and thus has already reached a bigger marketplace.
9. L.E.K. Consulting
Like many other international top management consulting firms, L.E.K. Consulting provides its specialized supports around, mergers, operations, strategy, and acquisitions. This UK-based firm was founded back in 1983 by some partners from Bain & Company. In 19 outlets, it has almost 1.200 working staff. A study conducted among the MBA students found that L.E.K. Consulting is the most desirable place to work.
Strategy, operations, and Marketing are the three major service areas that EY-Parthenon provides its services. It is based in the USA in 1991 and is listed by Forbes as one of the ‘top management consulting firms. It mainly provides services in Strategy, Transaction Evaluation, Corporate Strategy, and Value Optimization.
Strategy&, based in the US, is another top management consulting firm that exclusively focuses on strategic consultancy. In 1914 initially, it began as a Business Research Services which proceeded with the name as Booze and Company but finally was succeeded by the current name- Strategy&. This company, with 3000 staff members, experienced a positive transformation and is having revenue worth 1.3 billion USD.
Finally, seeking consultancy from top management consulting firms has become popular as it entails so many advantages for any business. The above-mentioned list should provide a brief yet comprehensive idea about the top management consulting firms from which you can pick one that best suits your needs.